NOT LISTED FOR SALE

Estimated Value: $1,265,000 - $2,094,000

4 Beds
2 Baths
2,295 Sq Ft
$691/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $1,350,000 $588 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,968/month

83 Days on Market

About This Home

As of August 2021

A 17' wide 2-unit three-story brick building. The first and second floor is a duplex two-bedroom garden apartment. The third floor is a two-bedroom floor-through apartment. There is access to the basement front the first floor and from the front of the property. The basement can be added to the duplex apartment creating a triplex apartment. The property gets great sunlight.

The first floor has a living room and dining room area located to the front. The full kitchen is located to the back and has access to the back yard. This floor has 9' ceilings and also has access to the basement. The second floor has a bedroom to the front and another bedroom to the back. There is a small room which can be used as a walk-in closet or home office. This floor has the full bathroom for the duplex apartment and has 12' ceilings. Both floors have front access to the building.

The third floor has a bedroom to the front, the middle of the unit has another bedroom. To the back is the full kitchen and dining area which has a fire place. To the side of the apartment is the full bathroom. The property has been completely renovated with new full kitchens and bathrooms all the electric and plumbing is new. The stairs are newly built, the skylight on the top floor is new and gives the hallways a lot of light. All the buildings original details are well maintained and preserved. The wood floors in the hallways and apartments are in great condition. The windows are new, each apartment has its own heating unit located in the basement. The property has a beautiful brick faade with the original front door which goes back to the late 1800's. The roof is new, the building does not have a boiler but a new state of the art baseboard heating system. This creates a lot of space in the basement which needs renovation.

The property is a great user opportunity, a user can occupy the duplex apartment, and use a portion of the air rights to expand the first floor and basement to create more space. They can rent out the third floor two-bedroom apartment for income. The building is also a great investment opportunity, an investor can convert the building into a three family property they just need to put a bathroom on the first floor and a kitchen on the second floor. This can be done by using the air rights of the property to create more space. Since the property is already renovated the investor does not need to spend a lot to create the three family building. They can also duplex the first floor with the basement and convert the second floor into a two-bedroom apartment and leave the third floor as a two-bedroom floor-through apartment.

Last Agent to Sell the Property

Kervin Vales

Brown Harris Stevens Residential Sales LLC License #40VA0861326 Listed on: 04/13/2021

Brown Harris Stevens Residential Sales LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,058

Lot Details

  • 1,699

Interior Spaces

  • 2,295 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Community Details

  • Bedford Stuyvesant Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,058

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 2295.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jul 29, 2021
Sold by
605 Halsey Street Llc
Bought by
Garland Meaghan and Mccloskey Kiyomi
Seller's Agent
Kervin Vales
Brown Harris Stevens Residential Sales LLC
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Current Estimated Value
$1,586,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,959
Avg. Annual Appreciation
4.05%
Original Mortgage
$1,080,000
Outstanding Balance
$982,720
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$604,239

Purchase Details

Closed on
Nov 13, 2019
Sold by
Leach Adele Nellie and Leach Robert Hugh
Bought by
605 Halsey Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 19, 1999
Sold by
Estate Of Ruth Leach
Bought by
Leach Adele Nellie and Leach Robert Hugh
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garland Meaghan $1,350,000 --
605 Halsey Street Llc -- --
Leach Adele Nellie -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garland Meaghan $1,080,000
Previous Owner 605 Halsey Street Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2021 08/05/21 Sold $1,350,000 -6.9% $588 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $1,450,000 -- $632 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,058 $109,920 $18,120 $91,800
2024 $4,058 $106,500 $18,120 $88,380
2023 $3,929 $101,520 $18,120 $83,400
2022 $3,690 $83,100 $18,120 $64,980
2021 $3,890 $70,320 $18,120 $52,200
2020 $2,918 $78,180 $18,120 $60,060
2019 $3,230 $62,160 $18,120 $44,040
2018 $2,989 $16,123 $5,483 $10,640
2017 $2,841 $15,405 $4,229 $11,176
2016 $2,770 $15,405 $5,708 $9,697
2015 $1,533 $14,853 $8,262 $6,591
2014 $1,533 $14,032 $9,373 $4,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10762736

Real Estate Board of New York (REBNY)

APN: 01662-0071